11/12/15 was down -$0.42 and the model projects that component on the11/12/15 kill will decline by something like -0.75 to -1.05. This downtrend is turning into a real water-shed! Packer made only a fair purchase yesterday at 87.7% of the moving average daily purchases.

The old adage the "The trend is a friend" has really been a truism in the hog market this fall.

Best wishes,

dhm